Japanese Shares Snap Three-Day Decline
2026-10-27 01:04
By
Judith Sib-at
1 min. read
Japan’s Nikkei 225 Index rose more than 2% to 63,500 in early Tuesday trading, ending a three-day losing streak and tracking a rebound on Wall Street overnight amid renewed optimism for AI after Anthropic PBC filed for an IPO.
The company revealed sharp revenue growth and high costs while also warning of the risks associated with AI.
Traders now await this week’s earnings reports from leading technology companies, which could offer fresh clues on how AI investment is progressing and whether it is paying off.
Attention is also on upcoming central bank meetings, with the US Fed, BOJ, and ECB expected to keep rates unchanged for now, while the possibility of a hike later this year remains on the radar.
Sentiment was further supported by a decline in oil prices amid renewed diplomatic efforts to resolve the conflict in the Middle East.
Japanese chip-related stocks rose sharply, with Advantest advancing 7.8%, Kioxia up 3.3%, SoftBank Group gaining 4.8%, and Tokyo Electron rising 3.3%.